Udaipur Tollway Pvt. Ltd, a Special Purpose Vehicle (SPV) of India’s largest Highways Infrastructure developers, IRB Infrastructure Developers Ltd, has successfully achieved financial closure for its Udaipur – Gujarat Border 6 Laning BOT project. The SPV, in terms of the concession agreement executed with the National Highway Authority of India (NHAI), has tied up with the consortium of lenders for project finance to the tune of Rs 1,461 crore.
